KUALA LUMPUR (Jan 13): Shares of TEBRAU TEGUH BHD [] rose to a high of 73 sen in moderate active trade on Friday as investors were positive to the sale of two parcels of land, which was 143.7% above the net book value.
At 2.47pm, it was up 2.5 sen to 72.5 sen. There were 8.09 million shares done at prices ranging from 70.5 sen to 73 sen.
Tebrau Teguh is disposing of two parcels of commercial land in Plentong, Johor for RM28.27 million, which is estimated to be RM16.67 million or 143.7% above the net book value of RM11.60 million as at Dec 31, 2010.
The company said on Thursday the RM28.27 million was based on a valuation report by Messrs. Raine Horne International Zaki + Partners dated June 17, 2011.
“The total net book value as per audited financial statements for the year ended Dec 31, 2010 is RM11.60 million,” it said.
At 2.47pm, it was up 2.5 sen to 72.5 sen. There were 8.09 million shares done at prices ranging from 70.5 sen to 73 sen.
Tebrau Teguh is disposing of two parcels of commercial land in Plentong, Johor for RM28.27 million, which is estimated to be RM16.67 million or 143.7% above the net book value of RM11.60 million as at Dec 31, 2010.
The company said on Thursday the RM28.27 million was based on a valuation report by Messrs. Raine Horne International Zaki + Partners dated June 17, 2011.
“The total net book value as per audited financial statements for the year ended Dec 31, 2010 is RM11.60 million,” it said.
